0001853145-26-000010
SEC filingEverCommerce Inc. reported total revenues of $588.9 million for FY 2025, representing a 4.8% increase from $562.2 million in FY 2024. The company achieved net income from continuing operations of $18.2 million, a significant improvement from a net loss of $15.2 million in the prior year. Operating income reached $59.2 million, up from $26.2 million in FY 2024. The business generated $111.5 million in net cash from operating activities. Key drivers included growth in subscription and transaction fees, which comprised $566.9 million of total revenue, and improved operational efficiency. The company served over 745,000 customers across its three core verticals: EverPro, EverHealth, and EverWell. The sale of the marketing technology solutions business and acquisition of ZyraTalk were notable strategic actions during the year.
EverCommerce Inc. reported solid financial performance for FY 2025 with total revenues of $588.9 million, representing 4.8% growth from $562.2 million in FY 2024. The company achieved a significant turnaround in profitability, with net income from continuing operations of $18.2 million compared to a net loss of $15.2 million in the prior year. Operating income improved to $59.2 million from $26.2 million in FY 2024. Comprehensive income was $19.2 million, including a foreign currency translation gain of $1.6 million. The company generated $111.5 million in net cash from operating activities, though this represented a slight decrease from $113.2 million in FY 2024. Basic and diluted earnings per share from continuing operations were $0.10, compared to a loss of $0.08 per share in the prior year.
Revenue growth was driven primarily by subscription and transaction fees, which increased to $566.9 million from $543.0 million in FY 2024. Other revenue contributed $22.0 million. The company's revenue is geographically diversified, with $527.3 million from the United States and $61.6 million from international markets. Approximately 96% of revenue was recurring or re-occurring, demonstrating stable revenue streams. The company's annualized net revenue retention rate was approximately 96% for the quarter ended December 31, 2025, indicating strong customer retention and expansion within the existing customer base. The company served more than 745,000 customers across its three core verticals: EverPro for Home Services, EverHealth for Health Services, and EverWell for Wellness Services.
Gross margin remained strong at 77.6% for FY 2025, slightly down from 77.8% in the prior year. Cost of revenues was $132.1 million, representing 22.4% of total revenue. Operating expenses totaled $529.7 million, with the largest components being general and administrative ($131.8 million), sales and marketing ($119.5 million), product development ($79.0 million), and depreciation and amortization ($67.2 million). Operating margin improved to 10.1% from 4.7% in FY 2024, reflecting better cost management and revenue growth. The company's Adjusted EBITDA from continuing operations reached $180.5 million, up from $164.4 million in the prior year, though this non-GAAP measure is not included in the authoritative XBRL data.
The company generated $111.5 million in net cash from operating activities. Investing activities used $30.6 million, primarily for capitalization of software costs ($29.6 million) and acquisitions ($35.8 million), partially offset by proceeds from dispositions ($37.1 million). Financing activities used $87.6 million, including $85.1 million for repurchase and retirement of common stock and $5.5 million for debt payments. Cash and cash equivalents ended the period at $129.7 million. Total assets were $1.37 billion, with significant components including goodwill ($893.8 million), intangible assets ($164.2 million), and capitalized software ($59.0 million). Total liabilities were $654.9 million, including long-term debt of $517.9 million. Stockholders' equity was $716.9 million.
The company faces risks including intense competition in each industry it operates, cybersecurity threats, dependence on payment card networks and processors, and challenges related to acquisitions and integration. Management highlighted the importance of acquiring new customers, expanding revenue from existing customers through cross-selling, and investing in growth initiatives. The company completed the sale of its marketing technology solutions business in October 2025 and acquired ZyraTalk in September 2025 to enhance AI capabilities. The macroeconomic climate, including geopolitical conflicts and inflation, may continue to affect revenues and demand. The company maintains a revolving credit facility with $155.0 million of available borrowing capacity as of December 31, 2025, providing financial flexibility for future investments.